SEC initiates authorized motion in opposition to FTX’s auditor

America Securities and Alternate Fee (SEC) has commenced authorized proceedings in opposition to an accounting agency that had supplied companies to cryptocurrency change FTX earlier than its chapter declaration.

In accordance to a Sept. 29 assertion, the SEC alleged that accounting agency Prager Metis supplied auditing companies to its purchasers with out sustaining the required independence because it continued to supply accounting companies. This apply is prohibited below the auditor independence framework.

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